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or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one thing for him to say that he is very concerned about the fiscal cliff and what it would do to the economy. but then to back it up with this move. >> yeah. you got to give the guy a lot of credit. it might be his bid for a third term as fed chairman, frankly, because it is creative. it's unprecedented, and by the way, the europeans are now following his lead. >> what is the danger here? >> well, the danger is that we're creating a bit of a bubble with these low interest rates, just like we did, unfortunately, in 2003 and 2004 when greenspan kept interest rates low. and that created the
or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one...
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cliff negotiations are over. the "times" reports president obama wants a catch-all bill that would also bolster border security measures, ratchet up penalties for employers who hire illegal immigrants, and make it easier to bring in foreign workers under special visas. the white house will launch a social media campaign early next year. cabinet secretaries are preparing to make their case for how changes in immigration laws could benefit businesses, education, health care, and public safety. congressional committees could hold hearings on immigration legislation as soon as late january. with some republicans willing to come to the table and work towards a solution, the timing seems right for the cause. and it's the issue that just makes fiscal sense. as think progress points out, legalizing the 11 million unlimited immigrants in the united states could boost the nation's economy, tax revenues would definitely increase, and giving legal status to young educated immigrants would have a ripple effect, increasing wag
cliff negotiations are over. the "times" reports president obama wants a catch-all bill that would also bolster border security measures, ratchet up penalties for employers who hire illegal immigrants, and make it easier to bring in foreign workers under special visas. the white house will launch a social media campaign early next year. cabinet secretaries are preparing to make their case for how changes in immigration laws could benefit businesses, education, health care, and public...
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can you give the american people status update what is happening with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president was clear. we asked can dates to be clear about their positions. the president was utterly clear that the tax rates for high income people should return to the clinton era. the people spoke. the republicans should listen. jenna: congressman, pleasure to have you on set. look forward to have you come back. talk to us about spending at the national level. >> be glad to do that. jenna: thank you for the time. jon? jon: get away from all this earthly talk of fiscal cliffs and other problems and get to dramatic new findings from space. nasa's hubble space telescope has helped astronomers discover something
can you give the american people status update what is happening with these fiscal cliff negotiations? do you see that coming together, both sides? >> i hope so but there's a cliff in this country in terms of how we approach things. the president ran on a plank, very wealthy no longer should get a tax break. middle class taxpayers should continue to get a lower tax than they otherwise would. the republicans, if i might say so, simply have to listen to the election results. the president...
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. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps, as david corn suggested to me earlier in makeup, this is boehner's bid to get some air time. >> yes. >> i think the story is pretty simple. the republicans are going to keep saying that every single day, and the president is going to keep saying raise taxes every single day until behind the scenes the two of them get a deal. i am still an optimist that they will get a deal. i think it's manifestly in both of their self interests. i don't think the president's hand is as strong as he thinks it is, and i think boehner has much more incentive than he leads on to figure out a way to get a deal to avert this. neither of these
. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps,...
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. >> fiscal cliff negotiations proving once again that obama is never worried about trying to fix the problem. >> how about manning up here, mr. president. >> all he's trying to do is fix the blame. >> the president won. he wants to prove he can dominate. >> 15 auto workers fired are back on tle job tonight. >> hey, guys, hate to be a buzzkill, but shouldn't you guys be building cars? don't you guys work out at the chrysler factory? >> this right to work in michigan is a big deal. and michigan is about to become a right to work state, where you can't get a job without having to join a union. >> these so-called right to work laws don't have anything do with economics. they have everything to do with politics. >> michigan is ground zero for union activity. >> ♪ gangnam style >> this guy should have never been there. they realized he had done this in 2002 and 2004. apologies don't matter. he said we want american troops, their families, wives and kids, to die, die a painful death. you don't apologize for that. you're a bad person. get him out of the white house. >> you're going to hold
. >> fiscal cliff negotiations proving once again that obama is never worried about trying to fix the problem. >> how about manning up here, mr. president. >> all he's trying to do is fix the blame. >> the president won. he wants to prove he can dominate. >> 15 auto workers fired are back on tle job tonight. >> hey, guys, hate to be a buzzkill, but shouldn't you guys be building cars? don't you guys work out at the chrysler factory? >> this right to...
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cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more unions will be reeling. their penetration, the private sector is something like 7% of the private sector work force is unionized, and i have to say -- i don't use words like this very often, i thought some of the governor's comments were kind of orwelian to suggest this was a pro-worker move. it's clearly a move that may help businesses, but what a kick in the teeth to autoworkers unions, who as you correctly point d out, gave a lot back to help the auto industry get back on its feet, the notion that we had to do this now with this lame-duck session because they raised it in some other proposition is bizarre to me, and
cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more...
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we'll bring our viewers live what he has to say about the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years from now. >>> rare december tornados slamming the southern u.s., leaving behind a trail of destruction, devastating communities. we'll take you to the hardest hit areas straight ahead. >> just heard a big bam. thought the world was coming to an end. >> it was real scary. everything was just flying around, just tossed around. >> the tornado just came, bouncing from house to house. rick: some extreme weather to tell you about out of central florida. a tornado tearing through the town of edgewater, damaging about 40 mobile homes in a community there. no serious injuries were reported but
we'll bring our viewers live what he has to say about the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years...
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why the republicans totally tone deaf and why aren't the fiscal cliff negotiations any closer? >> we have been reasonable and responsible in our approach to this. we'll continue to do that. it's time for the president to do his part. >> i'm pretty confident that the republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> eliot: funnying me now to discuss the latest going on in the fiscal cliff saga is congresswoman jackie speier. welcome. thank you for joining us. >> my pleasure. >> eliot: rather than saying yes we'll agree to some agree to some marginal rates to the wealthy, they want to make permanent the tax cuts to the wealthy. what's going on in the head of john boehner. >> i'm not sure it's the head of john boehner but the heads of the tea party members who did not read the results of the last election. it's important to realize that the bipartisan bill by republicans and democrats in the senate were passed extending the tax cuts for those making under $250,000, and fixes the amg which we have not spent much time ta
why the republicans totally tone deaf and why aren't the fiscal cliff negotiations any closer? >> we have been reasonable and responsible in our approach to this. we'll continue to do that. it's time for the president to do his part. >> i'm pretty confident that the republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> eliot: funnying me now to discuss the latest going on in the fiscal cliff saga is congresswoman...
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melissa: we have more breaking news on the fiscal cliff negotiations now. a senior white house aide confirms the obama administration is offering $1.4 trillion in revenue. you remember the previous offer by the white house was 1.6 trillion in revenue. so a little decline there but, no talk of spending right? we'll bring you more details as we have them. >>> the tragic death of dallas cowboys player is sparking debate how much control employers can imposed over their workers. over the weekend krou boys linebacker jerry brown was killed in a drunk driving accident with fellow teammate josh brent at the wheel. the cowboys are considering installing a device called safe-key in every player's car. it prevents cars from driving if the driver doesn't pass a visual hand-eye coordination test. the cowboys won't be the first organization to have rules. here at "money" we told you about it. ri health which fired 150 workers for not getting flu shots. the question is, are these kinds of rules fair to employees and are they even legal? here to figure this out is attorne
melissa: we have more breaking news on the fiscal cliff negotiations now. a senior white house aide confirms the obama administration is offering $1.4 trillion in revenue. you remember the previous offer by the white house was 1.6 trillion in revenue. so a little decline there but, no talk of spending right? we'll bring you more details as we have them. >>> the tragic death of dallas cowboys player is sparking debate how much control employers can imposed over their workers. over the...
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and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...
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we'll have the latest on the slow, unfolding drama, emphasis on slow, that is the fiscal cliff negotiations. the white house and speaker boehner trade proposals and tension. we will discuss with house democratic whip steny hoyer, ezra klein, sam stein, jane mayer, and jen zocki. plus, csi gop, as the republicans make the long slog to redemption, we discuss lessons learned. and the war on women rages on in the lone star state. we will look at planned parenthood's fight in texas. all that starts in a mere 180 seconds. ♪ [ male announcer ] we began serving handcrafted coffees in seattle, and people seemed to like it. so we wondered -- where else could we take this? ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until now. our lattes, espresso and brewed coffee, now in your home from a machine like no other. and now $50 off through january 1st. the verismo® system, by starbucks. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other h
we'll have the latest on the slow, unfolding drama, emphasis on slow, that is the fiscal cliff negotiations. the white house and speaker boehner trade proposals and tension. we will discuss with house democratic whip steny hoyer, ezra klein, sam stein, jane mayer, and jen zocki. plus, csi gop, as the republicans make the long slog to redemption, we discuss lessons learned. and the war on women rages on in the lone star state. we will look at planned parenthood's fight in texas. all that starts...
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we follow the tiny makkah nations of the fiscal cliff negotiations. the markets are up. apple has become a day trader's stock. on "varney and company" we never get into stuff like support levels. that is what is happening with apple right now. it is up $13 all over the place. limited brands paid the three dollar, one time dividend. this is the company -- paying a record penalty of $1.9 billion in a money-laundering case, failing to maintain effective anti money-laundering program. watch out, 90 seconds is all you got to wait for the judge back on a ruling on north carolina. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the hearof yr portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes vestment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. look this isn't my firschristmas. these deals all seem grea
we follow the tiny makkah nations of the fiscal cliff negotiations. the markets are up. apple has become a day trader's stock. on "varney and company" we never get into stuff like support levels. that is what is happening with apple right now. it is up $13 all over the place. limited brands paid the three dollar, one time dividend. this is the company -- paying a record penalty of $1.9 billion in a money-laundering case, failing to maintain effective anti money-laundering program....
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. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pr
. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's...
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cliff negotiations. this is where the rubber meets the road. this is where it's actually happening at the state level. at the local level. this is where all of that money that was released into the political system by citizens united is actually now paying off. >> yeah, and that is what's frightening nationwide because citizen's united opens the door everywhere. and we're seeing them searching for a model on how to do this. that is why even the detroit free press, in an editorial, and, again, this is a paper that had endorsed governor snyder two years ago. it says the right to work champions, the determination to emasculate once and for all the democratic parties most reliable source of financial and organizational support. now, senator, let me say this to you. if they can get away with it in michigan, michigan has 671,000 union members, 17.5% of the work force, fifth highest in the nation. if they can get away with it in michigan, they feel they can just steam roll all over the country. >> i think every
cliff negotiations. this is where the rubber meets the road. this is where it's actually happening at the state level. at the local level. this is where all of that money that was released into the political system by citizens united is actually now paying off. >> yeah, and that is what's frightening nationwide because citizen's united opens the door everywhere. and we're seeing them searching for a model on how to do this. that is why even the detroit free press, in an editorial, and,...
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debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the pr
debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i...
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what do you tell john boehner about negotiations to avert the fiscal cliff. >> the public spoke with this election. the republicans lost. and that means that they need to be the ones to come to the table, and they need to demonstrate that they can compromise. i don't think there is any question that this president has attempted over and over and over again to come to the table to compromise, you know, cut $1.6 trillion, you know, out of the budget cuts when the republicans held these guys up with the debt ceiling debate this last year 2011. for boehner, you know, where i feel he is losing credibility, one is by being, you know, beaten up by eric can'tor, two by refuse to go put up specifics and saying to the president of the united states you need to put up spending cuts. on needs to show leadship. >> without question. without question >> bill: you are right. that was the romney plan. the american people have spoken. they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day p
what do you tell john boehner about negotiations to avert the fiscal cliff. >> the public spoke with this election. the republicans lost. and that means that they need to be the ones to come to the table, and they need to demonstrate that they can compromise. i don't think there is any question that this president has attempted over and over and over again to come to the table to compromise, you know, cut $1.6 trillion, you know, out of the budget cuts when the republicans held these guys...
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our next guest explains how the presidential campaign has undermined the fiscal cliff negotiations. we're back in a moment. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> welcome back to "morning joe" on this wednesday morning. still a little chilly. no big storms in sight at least this week. i'll explain in a second. first things first. windchills, a little ch
our next guest explains how the presidential campaign has undermined the fiscal cliff negotiations. we're back in a moment. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong...
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negotiations for the fiscal cliff continue in washington. house members spoke about the issue today on a resolution that would allow the house to take up measures through december 28. this is just over an hour. on. the speaker pro tempore: the gentleman from texas is recognized for one hour. mr. sessions: thank you very much, mr. speaker. for the purpose of debate only, i yield theustomary 30 minutes to the gentlewoman from fair point, new york, my dear friend, the ranking member on the committee, ms. slaughter, pending which i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. sessions: thank you very much. during consideration of this resolution, all time is yielded for the purpose of debate only. mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks. the speaker pro tempore: without objection. mr. sessions: i rise today in support of thisule which will provide this body the ability to consider legislation under suspension of t
negotiations for the fiscal cliff continue in washington. house members spoke about the issue today on a resolution that would allow the house to take up measures through december 28. this is just over an hour. on. the speaker pro tempore: the gentleman from texas is recognized for one hour. mr. sessions: thank you very much, mr. speaker. for the purpose of debate only, i yield theustomary 30 minutes to the gentlewoman from fair point, new york, my dear friend, the ranking member on the...
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that is how john boehner described the fiscal cliff negotiations. it is not painful until the very end of the year. how this benefits the company. adam: the note dropped 7.7%, the lowest rate since december 2008. that is just a headline. let's get to nicole petallides. the traders are reading a bit into this report. nicole: the first thing they noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. the prior month which seemed like they were good news, in fact, were not as good as they seemed. they take these numbers with a grain of salt. the dow, nasdaq and s&p are mixed today. the dow is up about one third of 1%. what is interesting, this will be our third wedding week in a row. they have not been dramatic moves, but last week was pretty slots. jpmorgan and bank of america are some names on the dow that are holding on pretty nicely. the tech heavy nasdaq down one half of 1%. adam: a lot of people watching that jobs number. thank you very much. dennis: according to today's jobs report, the u
that is how john boehner described the fiscal cliff negotiations. it is not painful until the very end of the year. how this benefits the company. adam: the note dropped 7.7%, the lowest rate since december 2008. that is just a headline. let's get to nicole petallides. the traders are reading a bit into this report. nicole: the first thing they noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. the prior month which seemed like they...
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cliff negotiations. those who attended last night's rally at the civic center held sizes that no more tax cuts for the rich save medicare and medicaid benefits. their rally fighting foreclosures to keep senior citizens and people with disabilities and their homes will be held today outside wells fargo bank on grand street in san francisco. in the obama administration says states must commit to full expanding their medicaid programs in order to take advantage of generous funding in the federal health-care law. monday's ruling affects the federal-state program that covers nearly 60 million low-income and severely disabled people. under the law the federal government will cover 100 percent of the cost of three years of expansion. expansion scheduled for 2014 is expected to provide coverage to about half the 30 million uninsured people who benefit from the law. >> a to a policy meeting on the federal reserve begins today and it appears the fed will continue moving forward with programs to stimulate the econo
cliff negotiations. those who attended last night's rally at the civic center held sizes that no more tax cuts for the rich save medicare and medicaid benefits. their rally fighting foreclosures to keep senior citizens and people with disabilities and their homes will be held today outside wells fargo bank on grand street in san francisco. in the obama administration says states must commit to full expanding their medicaid programs in order to take advantage of generous funding in the federal...
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at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're likely going to get blamed for that, too. and that will be much worse in the polls. republicans may believe the wh
at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be...
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cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from well sourced reporters and we've been down this road before. the pursuit with john boehner in 2011, obama was willing. there's reason to suspect there's something to all this chatter. and the question then becomes why? why would obama who simply by doing nothing these next few weeks could get the tax hike on the wealthy he's been demanding without touching medicare and social security? why would he entertain such drastic changes to the safety net? most likely culprit is the dreaded debt ceiling. here's why. republicans came to these talks with no leverage. the consequences of doing nothing before the december 31st meeting were worse for them than democrats. they loo
cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from well sourced reporters and we've been down this road before. the pursuit with john boehner in 2011, obama was willing. there's reason to suspect...
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>>> there are new development in the fiscal cliff negotiations. cnn has just learned that house republican leaders have sent the white house a counteroffer on tax and entitlement reform. let's bring in our capitol hill senior correspondent dana bash who's got the details. what have we learned? >> we learned that, as you said, the republicans have sent to the white house an offer that they describe as something that is significant with regard to tax and entitlement reform. of course, those are the two tranches that we're talking about here. they are being very -- holding their cards very close to the vest in terms of what specifics these are but apparently it's a counteroffer to something the white house sent to them yesterday. we don't know the details. this is good news for both sides. republicans saying earlier that the white house has to give them more spending cuts. but this is really key because the first thing they have to do, wolf, is get those top line numbers. they are not talking specifics, what kind of tax rates, how much to do. they ar
>>> there are new development in the fiscal cliff negotiations. cnn has just learned that house republican leaders have sent the white house a counteroffer on tax and entitlement reform. let's bring in our capitol hill senior correspondent dana bash who's got the details. what have we learned? >> we learned that, as you said, the republicans have sent to the white house an offer that they describe as something that is significant with regard to tax and entitlement reform. of...
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when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and why? we have to have that conversation. >> the most ob
when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were...
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with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right to work states. there are 24 of them. 26 still are union states. >> gretchen: eric brought up an interesting point about why isn't the president staying in washington, because now it turns out that the fiscal cliff is actually closer than we thought. it was not coakley january 1 anymore. we've about to go off it any day now because apparently it takes a certain amount of days to actually draft any kind of legislation that they might come to an agreement on and so if you backtrack then from the end of the year and when congress is going to be going home for christmas and other holidays, then you really don't have
with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right...
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cliff negotiations. one expressed dismay today at the climate of secrecy surrounding the talks. listen if you would to senator jay rockefeller of west virginia. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, well, we're going to do this to the rich and that to the poor, so we'll make that a trade-off. and like tom harkin says, that is unmoral. you cannot do it. >> so for now, let's just say no budget deal come the first of the year. you know what happens. income taxes go up, and under terms of the debt agreement reached last year, government spending would slow. this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wi
cliff negotiations. one expressed dismay today at the climate of secrecy surrounding the talks. listen if you would to senator jay rockefeller of west virginia. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, well, we're going to do this to the rich and that to the poor, so we'll make that a trade-off. and like tom harkin says, that is unmoral. you cannot do it. >> so for now, let's just say no budget deal come the...
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on the newshour tonight, we'll update negotiations aimed at avoiding the fiscal cliff. >> ifill: then, we look at michigan's debate over right-to- work laws which would prevent labor unions from requiring membership. >> woodruff: paul solman explores the tax deductions that could be on the chopping block in the quest to bring down the deficit. >> we estimate $1.1 trillion a year in revenue the government gives up because of all the tax breaks. that's enough to solve the revenue problem but it's not going to happen. >> ifill: ray suarez has a newsmaker interview with secretary of homeland security janet napolitano. >> you can discuss border security and immigration reform simultaneously now. we don't have to this kind of first this and then that. at this point they actually go together. >> woodruff: special correspondent rick karr reports on the polluted waters that spilled into new york homes and businesses in superstorm sandy, raising health concerns. >> everybody sort of got sick at the same time. all of us sort of attributed it to, well, we're all stressed out. it's very cold. but
on the newshour tonight, we'll update negotiations aimed at avoiding the fiscal cliff. >> ifill: then, we look at michigan's debate over right-to- work laws which would prevent labor unions from requiring membership. >> woodruff: paul solman explores the tax deductions that could be on the chopping block in the quest to bring down the deficit. >> we estimate $1.1 trillion a year in revenue the government gives up because of all the tax breaks. that's enough to solve the...
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. >>> more now on the heavy duty negotiating taking place over the fiscal cliff. that's part of the reason that the president is in michigan bringing his message to the people and yesterday the president and house speaker john boehner brought their message to one another. the first one on one in more than three weeks. will there be a deal to include what's called serious entitlement reform and cuts? joining me now congresswoman bass of california. it's a pleasure to have you on again. >> thanks, thanks for having me on, tamron. >> absolutely. the president is in michigan. i want to read what senator dick durbin said on entitlements and reform. let me play it. >> i do believe there should be means testing and those of us with the higher income and retirement should pay more. that can be part of the solution but when you talk about raising the medicare eligibility age, there's a key question. what happens to the early retiree and the gap in coverage between the workplace and medicare? >> what are your concerns regarding entitlement reform? >> well, my main concern i
. >>> more now on the heavy duty negotiating taking place over the fiscal cliff. that's part of the reason that the president is in michigan bringing his message to the people and yesterday the president and house speaker john boehner brought their message to one another. the first one on one in more than three weeks. will there be a deal to include what's called serious entitlement reform and cuts? joining me now congresswoman bass of california. it's a pleasure to have you on again....
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this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional body of government. >> it is john's right, this is politics, hard and fast, 1995 all over again, stakes are high and and president wants house back, pin the blame on the republicans make them look like right wing lunatics and grab the chips, they are in a no-win position. lou: we'll be back, marianne has to weigh in and a bunch more as we continue with the a team stay with us. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the merced
this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing...
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may reach up to the fiscal cliff. >> brian: at least they are talking to each other. they are talking about raising rates for medicare to scen . rates to 37 . difdepped and inheritance and capitol gains on tap to go up. that could be devastating. >> steve: especially the difid end tax up a gigantical. >> brian: and capitol gains up five points. >> gretchen: stay tuned for that. he risked his life to help americans nail bin laden and now fox news has learned he was torteured in a pakistani jail. family members of the doctor said they can't even visit him. he was captured by pakistani officials and sentenced to 33 years in prison. got most wanten in the world. >> brian: why is there not more outrage on that. >> steve: and now extreme weather. he survived a tornado only to have this happen. watch. >> oh, my god, oh, my god. ci'm okay. che was chatting with a tv reporter when the roof came crashing down and luckily it was all caught on camera. >> gretchen: in country illegally. the university of california at berklyy offered 200 scholarship. a private company do mated mon
may reach up to the fiscal cliff. >> brian: at least they are talking to each other. they are talking about raising rates for medicare to scen . rates to 37 . difdepped and inheritance and capitol gains on tap to go up. that could be devastating. >> steve: especially the difid end tax up a gigantical. >> brian: and capitol gains up five points. >> gretchen: stay tuned for that. he risked his life to help americans nail bin laden and now fox news has learned he was...
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the house on a fiscal cliff agreement. and egypt's islamist president deployed troops outside the presidential palace amid growing protests against a referendum on a new constitution. and online we kick off a week- long look at how the developing world is tackling cancer. hari sreenivasan is here again. >> sreenivasan: more people die from cancer in low- and middle- income countries than from tuberculosis, hiv/aids, and malaria combined, but the fight against the deadly class of diseases has just begun there. see the first in our five-part series on our health page. and today our social security sage, larry kotlikoff, offers advice for outliving your money. that's on the business desk. and in our science roundup, find the perfect gift for your budding chemists and biologists, including a toy made from an owl's lunch. all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on tuesday, we'll look at the raging political turmoil in egypt. i'm gwen ifill. >> woodruff: and i'
the house on a fiscal cliff agreement. and egypt's islamist president deployed troops outside the presidential palace amid growing protests against a referendum on a new constitution. and online we kick off a week- long look at how the developing world is tackling cancer. hari sreenivasan is here again. >> sreenivasan: more people die from cancer in low- and middle- income countries than from tuberculosis, hiv/aids, and malaria combined, but the fight against the deadly class of diseases...
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obama has leverage now because he really doesn't care if you go over the fiscal cliff or curb or slope, or whatever you want to call it. but in february we will hit the debt ceiling. and if we break through the debt ceiling we will unleash an economic hell on this nation. and no president would allow that, right? so that is republican leverage, as they see it. unlike them, obama is not willing to destroy the global economy. and so they figure there is no real need to cut a deal now, because if that deal, particularly if they deal includes concessions like taxes, just wait a couple of months, take the debt ceiling hostage and make everybody believe you'll shoot. this is making boehner weaker. it gives haas republicans an excuse to ignore the cuts the deal he makes. they say oh, we'll just wait it out. the concern that boehner will cut a deal that he can't actually deliver, or at the last minute he'll back off a deal because he won't have the votes. the white house, by the way, they don't think the debt ceiling is republican leverage. when you talk to them, they are all steel right now o
obama has leverage now because he really doesn't care if you go over the fiscal cliff or curb or slope, or whatever you want to call it. but in february we will hit the debt ceiling. and if we break through the debt ceiling we will unleash an economic hell on this nation. and no president would allow that, right? so that is republican leverage, as they see it. unlike them, obama is not willing to destroy the global economy. and so they figure there is no real need to cut a deal now, because if...
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cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many sig that was going to happen, nothing was getting done. in a cnn/orc poll taken a few weeks ago, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they'
cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many sig that was going to happen, nothing was getting done. in a cnn/orc poll taken a few weeks ago, 67% said washington officials would behave like spoiled children in the fiscal cliff...